Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar
Madagascar: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0024 million SLC per US$ of GDP in 2024. ◆ Volatile
Latest (2024)
0.0024 million SLC per US$ of GDP
Change on year
down 5.0%
World rank
10th
of 193 countries
All-time high
0.0146 million SLC per US$ of GDP
in 1970
All-time low
0.0024 million SLC per US$ of GDP
in 2024
Years of data
55
1970–2024
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar, 1970–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
Madagascar recorded 0.0024 million SLC per US$ of GDP for gross domestic product — value standard local currency, 2015 prices in 2024. That is the lowest value across all 55 years on record.
The figure is down 5.0% on the previous year and down 6.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Madagascar peaked at 0.0146 million SLC per US$ of GDP in 1970 and was at its lowest, 0.0024 million SLC per US$ of GDP, in 2024.
That places Madagascar 10th out of 193 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar, year by year
| Year | million SLC per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0146 million SLC per US$ of GDP | — |
| 1971 | 0.0141 million SLC per US$ of GDP | -3.4% |
| 1972 | 0.0124 million SLC per US$ of GDP | -11.7% |
| 1973 | 0.0099 million SLC per US$ of GDP | -20.6% |
| 1974 | 0.0086 million SLC per US$ of GDP | -12.7% |
| 1975 | 0.0073 million SLC per US$ of GDP | -15.0% |
| 1976 | 0.0074 million SLC per US$ of GDP | +1.4% |
| 1977 | 0.007 million SLC per US$ of GDP | -5.3% |
| 1978 | 0.0061 million SLC per US$ of GDP | -14.0% |
| 1979 | 0.0051 million SLC per US$ of GDP | -15.4% |
| 1980 | 0.0034 million SLC per US$ of GDP | -32.9% |
| 1981 | 0.0034 million SLC per US$ of GDP | -0.2% |
| 1982 | 0.0034 million SLC per US$ of GDP | -2.4% |
| 1983 | 0.0035 million SLC per US$ of GDP | +2.9% |
| 1984 | 0.0042 million SLC per US$ of GDP | +22.0% |
| 1985 | 0.0044 million SLC per US$ of GDP | +3.9% |
| 1986 | 0.0039 million SLC per US$ of GDP | -10.8% |
| 1987 | 0.0053 million SLC per US$ of GDP | +36.9% |
| 1988 | 0.0056 million SLC per US$ of GDP | +4.2% |
| 1989 | 0.0058 million SLC per US$ of GDP | +4.5% |
| 1990 | 0.0048 million SLC per US$ of GDP | -16.7% |
| 1991 | 0.0055 million SLC per US$ of GDP | +13.2% |
| 1992 | 0.0049 million SLC per US$ of GDP | -11.3% |
| 1993 | 0.0045 million SLC per US$ of GDP | -6.7% |
| 1994 | 0.0052 million SLC per US$ of GDP | +15.3% |
| 1995 | 0.0049 million SLC per US$ of GDP | -6.7% |
| 1996 | 0.0039 million SLC per US$ of GDP | -20.5% |
| 1997 | 0.0047 million SLC per US$ of GDP | +20.0% |
| 1998 | 0.0047 million SLC per US$ of GDP | +0.6% |
| 1999 | 0.005 million SLC per US$ of GDP | +7.7% |
| 2000 | 0.0049 million SLC per US$ of GDP | -3.2% |
| 2001 | 0.0044 million SLC per US$ of GDP | -9.8% |
| 2002 | 0.0039 million SLC per US$ of GDP | -11.2% |
| 2003 | 0.0036 million SLC per US$ of GDP | -7.8% |
| 2004 | 0.0048 million SLC per US$ of GDP | +32.4% |
| 2005 | 0.0043 million SLC per US$ of GDP | -9.6% |
| 2006 | 0.0042 million SLC per US$ of GDP | -3.8% |
| 2007 | 0.0033 million SLC per US$ of GDP | -20.3% |
| 2008 | 0.0028 million SLC per US$ of GDP | -15.2% |
| 2009 | 0.003 million SLC per US$ of GDP | +7.1% |
| 2010 | 0.0029 million SLC per US$ of GDP | -3.1% |
| 2011 | 0.0026 million SLC per US$ of GDP | -12.2% |
| 2012 | 0.0026 million SLC per US$ of GDP | +2.8% |
| 2013 | 0.0025 million SLC per US$ of GDP | -4.7% |
| 2014 | 0.0026 million SLC per US$ of GDP | +2.5% |
| 2015 | 0.0029 million SLC per US$ of GDP | +14.1% |
| 2016 | 0.0029 million SLC per US$ of GDP | -0.6% |
| 2017 | 0.0027 million SLC per US$ of GDP | -6.5% |
| 2018 | 0.0027 million SLC per US$ of GDP | -1.2% |
| 2019 | 0.0027 million SLC per US$ of GDP | +1.9% |
| 2020 | 0.0028 million SLC per US$ of GDP | +0.4% |
| 2021 | 0.0026 million SLC per US$ of GDP | -4.9% |
| 2022 | 0.0026 million SLC per US$ of GDP | -2.5% |
| 2023 | 0.0025 million SLC per US$ of GDP | -0.3% |
| 2024 | 0.0024 million SLC per US$ of GDP | -5.0% |
Madagascar compared with similar countries
- Madagascar's 0.0024 million SLC per US$ of GDP is above the median for low income countries, which is 0.0004 million SLC per US$ of GDP, 5.6× the median. (23 countries reporting)
- Madagascar's 0.0024 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0004 million SLC per US$ of GDP, 6.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0093 million SLC per US$ of GDP | 0.0051 million SLC per US$ of GDP | 0.0146 million SLC per US$ of GDP | 10 |
| 1980s | 0.0043 million SLC per US$ of GDP | 0.0034 million SLC per US$ of GDP | 0.0058 million SLC per US$ of GDP | 10 |
| 1990s | 0.0048 million SLC per US$ of GDP | 0.0039 million SLC per US$ of GDP | 0.0055 million SLC per US$ of GDP | 10 |
| 2000s | 0.0039 million SLC per US$ of GDP | 0.0028 million SLC per US$ of GDP | 0.0049 million SLC per US$ of GDP | 10 |
| 2010s | 0.0027 million SLC per US$ of GDP | 0.0025 million SLC per US$ of GDP | 0.0029 million SLC per US$ of GDP | 10 |
| 2020s | 0.0026 million SLC per US$ of GDP | 0.0024 million SLC per US$ of GDP | 0.0028 million SLC per US$ of GDP | 5 |
Countries ranked near Madagascar
- 7 Cambodia 0.0034 million SLC per US$ of GDP compare
- 8 Uzbekistan 0.003 million SLC per US$ of GDP compare
- 9 Uganda 0.0027 million SLC per US$ of GDP compare
- 11 Colombia 0.0024 million SLC per US$ of GDP compare
- 12 Lebanon 0.0019 million SLC per US$ of GDP compare
- 13 Burundi 0.0019 million SLC per US$ of GDP compare
More economy & growth data for Madagascar
- Foreign direct investment, net outflows (BoP, current US$), gaps 134.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.2 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 606.21 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.69 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0345 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 18.96 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.1583 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 87.11 includes gold, current US$ per person (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Madagascar?
- Gross domestic product — value standard local currency, 2015 prices in Madagascar was 0.0024 million SLC per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Madagascar?
- The highest recorded value was 0.0146 million SLC per US$ of GDP in 1970.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Madagascar?
- The lowest recorded value was 0.0024 million SLC per US$ of GDP in 2024.
- How does Madagascar rank for gross domestic product — value standard local currency, 2015 prices?
- Madagascar ranks 10th out of 193 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Madagascar?
- Over the last ten years it is down 6.0%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ GDP (current US$)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.